Funding you earn now, next payment 06:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.078%
Price spread now: Coinbase International against Injective−0.578%64s7-day average +0.003% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.382%+$38 on $10k
+Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.578%, 7d avg +0.003%
=Funding pays, the price is against you. Coinbase International is 0.582% cheaper against Injective than usual: you would sell low and buy high (spread −0.578% now, against its 7-day average of +0.003%). If the spread goes back, that is −$58 on $10k: about 9.8 days of funding at the current rate (+$6 a day). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective PAXG/USDC PERP | 4,347.3 | 0.0033 | pay 0.0004% / 1h | 13m 28s | $1K | $151K | 30x |
| Short | Coinbase International PAXG-PERP-INTX | 4,322.2 | 0.0232 | get 0.0029% / 1h | 13m 28s | $949K | $1.1M | 50x |
Injective PAXG/USDC PERP
Coinbase International PAXG-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.72
- Price spread: −0.578% → +0.003%
- −$58.16
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$26.46
- Costs to cover
- 0.100%
- Break-even
- 11.4 days
Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Injective no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 5 min ago | 1.72 bp | 6.7 bp −$7 | 14.9 bp −$149 | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
PAXG on 29 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PAXG | −0.0176% | 1h | 4,316.7 | −0.703% | $1.4M | $468K | 25x | as long as short |
| Hibachi PAXG/USDT-P | −0.0112% | 1h | 4,319.3 | −0.645% | $42K | $168K | 20x | as long as short |
| GRVT PAXG_USDT_Perp | −0.0108% | 4h | 4,319.5 | −0.639% | $1.5M | $2.0M | 10x | as long as short |
| Kraken Futures PF_PAXGUSD | −0.0044% | 1h | 4,319.7 | −0.634% | $1.2M | $1.9M | 20x | as long as short |
| Extended PAXG-USD | −0.0008% | 1h | 4,317.6 | −0.682% | $378K | $625K | 25x | as long as short |
| Binance PAXGUSDT | −0.0008% | 4h | 4,319.7 | −0.635% | $79.6M | $75.1M | 75x | as long as short |
| MEXC PAXG_USDT | −0.0006% | 4h | 4,323.7 | −0.542% | $16.6M | $1.1M | 100x | as long as short |
| dYdX PAXG-USD | 0.0000% | 1h | 4,317.9 | −0.677% | $101K | $12K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,320.9 | −0.607% | $15.6M | $3.8M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,315 | −0.743% | $2K | $3.4M | 20x | as long as short |
Lighter PAXG
Hibachi PAXG/USDT-P
GRVT PAXG_USDT_Perp
Kraken Futures PF_PAXGUSD
Extended PAXG-USD
Binance PAXGUSDT
MEXC PAXG_USDT
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,322.6 | −0.568% | $7.9M | $850K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,321.8 | −0.586% | $904K | $773K | 75x | as long as short |
| Aster PAXGUSDT | +0.0010% | 4h | 4,320 | −0.628% | $901K | $27K | 50x | as long as short |
| Injective PAXG/USDC PERPlong | +0.0033% | 1h | 4,347.3 | long leg | $1K | $151K | 30x | |
| ApeX Omni PAXGUSDT | +0.0035% | 1h | 4,316.7 | −0.704% | $261K | $772K | 50x | as long as short |
| Paradex PAXG-USD-PERP | +0.0098% | 8h | 4,318.7 | −0.658% | $85K | $3.3M | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,319.4 | −0.642% | $554 | — | 10x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,320.3 | −0.621% | $20.8M | $2.4M | 10x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,320.4 | −0.618% | $1.0M | $316K | 10x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,320.5 | −0.616% | $14.9M | $4.0M | 75x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,321.9 | −0.583% | $28.6M | $5.3M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,320.4 | −0.620% | $9.4M | $16.5M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,319.6 | −0.637% | — | $6.8M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,319.1 | −0.648% | $1.3M | $826K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,317.7 | −0.681% | $12.3M | $223K | — | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,316 | −0.720% | $1.5M | $52K | 50x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,319.7 | −0.635% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTXshort | +0.0232% | 1h | 4,322.2 | −0.578% | $949K | $1.1M | 50x | |
| 01 Exchange PAXGUSD | +0.0792% | 1h | 4,329.1 | −0.419% | $29K | $23K | 10x | as long as short |
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Aster PAXGUSDT
ApeX Omni PAXGUSDT
Paradex PAXG-USD-PERP
Orderly PERP_PAXG_USDC_mythos
Hyperliquid PAXG
Pacifica PAXG
Bybit PAXGUSDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
Phemex PAXGUSDT
Reya PAXGRUSDPERP
01 Exchange PAXGUSD